At the organizational support of the Central Bank of Azerbaijan, the international payment system Visa Int. held a seminar for representatives of commercial banks on Prepaid Cards.
The seminar was told about the kinds of prepaid cards, their distinctive features, the existing international practice in this area, and the benefits of these cards from the point of view of the issuer and cardholders.
During the discussions, participants were informed about the more common types of prepaid cards, the main revenue and expenditure of the bank's card issuers on the product, the main factors taken into account by banks in the emission of the product.
The seminar was attended by Regional Manager of Visa Int on the Caucasus region Irina Kamkhadze, Director of prepaid card products in Russia and CIS countries Deniz Kononech, as well as representatives of commercial banks. -15D -
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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